Bangladesh is the new Asian Tiger - by Noah Smith
noahpinion.substack.com · 1,489 words · saved by 1 readers
It's succeeding using the classic formula, and defying the skeptics.
I find most people’s thinking about global growth to be remarkably parochial, status-quo biased, and stereotype-driven. By now it’s generally taken as given that countries in East Asia are able to ascend rapidly to developed-country status, using a more-or-less traditional approach of export-oriented manufacturing and climbing up the value chain. After all, we’ve seen Japan do it, then Korea and Taiwan, then China, so few doubt Vietnam’s ability to do the same. But when it comes to developing countries outside East Asia or the periphery of Europe, I find that discussions of their growth…
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